Author Question: Entry of new firms into an existing market causes: A) an upward movement along the market supply ... (Read 34 times)

LCritchfi · **on:** Jun 29, 2018

Entry of new firms into an existing market causes:

A) an upward movement along the market supply curve.
B) a downward movement along the market supply curve.
C) a rightward shift of the market supply curve.
D) a leftward shift of the market supply curve.

Question 2

Refer to the scenario above. If Frank discounts delayed utilities with a weight of 9/10, then which of the following statements is true?

A) He will eat both hotdogs and ice cream.
B) He will eat hotdogs but avoid ice cream.
C) He will eat ice cream but avoid hotdogs.
D) He will avoid consuming both hotdogs and ice cream.